Morning BriefingDollar Index (96.89) remains extremely weak as it gets closer to our target/support of 96.50-00 which is expected to be met this week. On the other hand, a strong Euro (1.1249) is not far away from our initial target/resistance of 1.1300. If any profit booking is seen in Euro either near 1.1300-30 or near the higher long term resistance of 1.1400-50, then corresponding short covering can be expected in Dollar near 96.50 or 96.00. Better to watch them as a pair at this point. The German-US 10 Yr (-1.85%) is headed towards resistance near -1.75% and while it moves up, Euro could test 1.13 or higher in the medium term.
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May Monthly Forecast
Our May-17 Monthly forecast is now available. To order a PAID copy, please click here and take a trial of our service.
May Calendar Wallpaper
The US 10Yr T-Bond yields rose for 35 years from 2.03% in 1946 to 14.59% in 1981. The fall from there to the 2016 low of 1.50% also took 35 years. Could 2017 see the start of a long rise? You can download this chart as part of our May 2017 Wallpaper Calendar from here
Euro Longterm Forecast
Need Euro, Yen and Aussie forecasts for business costing and planning your hedges? You may also be interested in other long term forecasts